PRLog (Press Release)
- Feb. 20, 2013 -
Platts,the leading global energy, petrochemicals and metals information provider and a division of The McGraw-Hill Companies, has entered into a strategic partnership with India’s leading petrochemical information provider PolymerUpdate, to publish unique and critical India- and Asia-specific petrochemical market content. These services are available only to users in South Asia (India, Pakistan, Sri Lanka, Bangladesh).
Starting Wednesday February 20, 2013, PolymerUpdate and Platts will jointly publish weekly ‘Polymer Scans’ which will cover Polyethylene (PE), Polypropylene (PP) and Polyvinyl Chloride (PVC) domestic market and international market activity. These unique reports will carry PolymerUpdate’
s leading India market polymer prices with a domestic market overview, alongside imported raw material cost prices and selected city-wise open market prices. Platts will provide its benchmark international market polymer prices with bespoke analysis, and its market-driving upstream international oil prices and shipping costs. Both information providers will combine their breaking news, plant operation updates, traded deals, market commentary, and maps. These comprehensive weekly reports will even be furnished with insightful analysis of industry, macro-economy and currency trends from CRISIL, India’s largest independent and integrated research house, and another division of The McGraw-Hill Companies.
The reports are designed with information in convenient chains of feed-stocks & derivative products, and specifically customized for the Indian supply chain of processors, traders, import/export companies, brokers and over 20,000 converters. Critical need-to-have Wednesday international polymer prices are included, as used by India’s Customs and written into the supply contracts of major Indian producers, importers and distributors. Essential domestic market prices provide a key reference point for local procurement, supply and trading decisions, while macro-economic and currency analysis will further help users to anticipate price and demand trends of imported raw material olefins and imported/local end-product polymers.
“India’s polymer industry is growing fast annually at 10-12 per cent. Companies active in this fast-paced industry need both domestic and international prices, market-moving news and insightful supply & demand analysis in order to support their essential business decisions,” said Leon Yeo, GM of Platts’ Petrochemicals division and VP of its Asia operations. “We extend to our valued customers premier market information in these Polymer reports that are priced affordably and tailored for active market participants.”
“We strongly believe that the PolymerUpdate-
Platts scans will empower our readers to make more intelligent business-critical decisions,” said Mr. Sajjid Mitha, Founder and President of PolymerUpdate. “The scans are a unique blend of best-in-class content from both international and domestic markets, put together in a unique collaboration of industry-leading information providers, who are working together to meet highly customized market needs. Our association with Platts reaffirms our commitment to keeping our customers’ needs in mind as we constantly strive to innovate and add to the offerings from our stable. This further strengthens our leading position in the market.”